BP has agreed to make more than £1.4bn of additional contributions to its pension schemes over the next five years in a bid to wipe out its deficit by 2017.
The scheme recently told members this year's deficit recovery contribution of £253.7m was brought forward to December 2012. This was on top of contributions of £306.9m to fund benefits accrued by scheme...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.